Cash comeback 2026

Written on the 5 October 2026

Cash Discounts: Could Australia’s Banknotes Make a Comeback?

5 October 2026

That $20 note hiding in your wallet could be ready for a little more action.

Australia’s card surcharge changes have given businesses a reason to rethink the checkout, and cash discounts could get a fresh look.

A little less to pay?

From 1 October 2026, major card networks including Visa, Mastercard and EFTPOS introduced no-surcharge rules for covered payments, subject to applicable exceptions. Card processing still costs businesses money; the separate surcharge is what has changed. Source: RBA.

But there is still room for a sweeter deal: a discount for paying cash.

The ACCC confirms that payment-method discounts are allowed. Businesses must disclose them clearly before customers commit and show the full, undiscounted price at least as prominently as the discounted price. Source: ACCC.

Small savings, new habits?

Our view is that these changes could encourage more businesses to consider cash discounts, and give shoppers a reason to carry a few notes again.

Imagine knowing your favourite local offers a small saving for cash. Suddenly, that note in your wallet has weekend plans.

Cash already has an audience. The RBA’s 2025 survey found around half of Australians used it in a typical week. Source: RBA cash-use research.

Of course, cash takes time and money to handle, so discounts will not suit every business. Nor is there evidence here that the new rules have already increased cash use.

But if more businesses offer worthwhile cash discounts, more customers may reach for notes and coins.

Keep an eye on the counter. “Discount for cash” could become a more familiar sign.

Disclaimer: This article expresses our views and opinions, informed by research into published RBA and ACCC guidance available as at 5 October 2026. Statements about future cash discounts and cash usage are our opinions, not established outcomes or guarantees. This is general commentary, not legal, financial or business advice. Rules and circumstances may change, and exceptions may apply. Readers should conduct their own research, check current authoritative sources and draw their own conclusions. Seek independent professional advice before making decisions relevant to your circumstances.